Bull Trend Analysis Feed http://www.bull-trend.com Bull-trend.com was designed for traders like yourself. We strive to be your number-one resource for timely, accurate and useful forex, futures and commodity quotes, charts, technical opinion, trading analysis and other market commentary. CFM 263 94 http://www.bull-trend.com http://www.bull-trend.com/bk2/img/flogo.jpg USD/JPY stays at 9-week highs near 112.40 as DXY steadies above 94.50 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 17:58:23 -0400 Improved market sentiment boosts USD/JPY in NA session. US 10-year T-bond yield's and Wall Street's performance confirms risk-on mood. US Dollar Index looks to close the day with gains above 94.50. The USD/JPY pair surged to its highest level since July 20 at 112.40 during the American trading hours and preserves its gains around this level as the improved market sentiment doesn't allow the JPY to find demand as a safe-haven. At the moment, the pair is up 0.45% on the day at 112.37. Wİth China's retaliatory tariffs on the U.S. not seen as impactful as initially thought, major equity indexes started the day on a positive note and continued to extend higher. As of writing, the Dow Jones Industrial Average and the S&P 500 were up 0.7% and 0.6% on the day. Furthermore, President Trump adopted a softer tone when talking about the trade conflict today as he said that they were open to talks with China and could reach a deal at some point.  Reflecting the market's positive reaction to today's political developments, the 10-year US T-bond yield rose above the 3% mark to provide some extra fuel to the greenback. At the moment, the yield on the 10-year reference is up 1.25% on a daily basis at 3.038%. In the Asian session on Wednesday, the BoJ is going to announce its interest rate decision and publish the monetary policy statement. “We expect the BoJ to keep its policy unchanged and for Governor Haruhiko Kuroda to reiterate a relatively dovish stance, signalling that the BoJ intends to keep interest rates at current levels for a longer period of time,” Danske Bank analysts said in a recently published report and added: “We expect the BoJ to keep its current policy intact until the end of 2019 at least.” Technical levels to consider The pair could face the first technical support at 112.60 (Jul. 20 high) followed by 113.15 (Jul. 19 high) and 114 (psychological level). On the downside, supports align at 112 (psychological level), 111.40 (20-DMA) and 110.80 (100-DMA). Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD: a move above 1.1720 should see the EUR move up to the 1.19 area - Scotiabank http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 17:36:52 -0400 Analysts at Scotiabank explained that EUR/USD short-term technicals are neutral/bullish. Key Quotes: "EUR/USD has tested, and failed to break above, resistance at/near 1.1720 seven times since Jul now." "Intraday price action reflects another decent rejection of the level in European trade (large “shooting star” candle on the hourly chart) but the short-term undertone for this market remains quite constructive and we expect good support on EUR dips to the low/mid 1.16s for now." "A clear move above 1.1720 should see the EUR move up to the 1.19 area – possibly fairly quickly." Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD: drops to session lows as US yields firm, 100-D SMA to support around 1.1650/60's http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 17:18:18 -0400 EUR/USD has turned lower as the dollar catches a long-awaited bid on the trade war saga headlines. It is hard to see either side giving in at this juncture, despite Trump's recent comments, "Always open to talking with China". EUR/USD has dropped to 1.1654. EUR/USD has traded as high as 1.1724. DXY just popped from 94.49 to 94.51 for a high for the day. EUR/USD keeps falling at the time of writing, giving up its risk-on session gains, (as markets play down latest US tariffs), despite a well-bid S&P/DJIA and a handsome close in European markets.  US government bond 10 yr yields have risen to as high as 3.039% which usually pulls in a bid for the greenback which is knocking the euro down to size. We have a support are here, where the price is close to the 100-DMA at 1.1662 and 100-HMA 1.1656. "There were no data reports of any real consequence from Europe this morning and EUR movement has largely tracked the broader trend in the USD. EU Council President Tusk warned the UK that a “no deal” Brexit was still possible but if all players acted “responsibly”, a “catastrophe” could be avoided," analysts at Scotiabank explained Trade wars On the trade war front, it is hard to see there is a near-term solution to the dispute between the US and China, especially as the president wants to be in a strong position, look strong, act strong and show no signs of weakness, heading into the midterms in November.  Therefore, the what the market probably needs to start taking into account is where the collateral damage will lie, and its not going to be with Chinese consumers - Businesses have already started to complain in the US as higher import prices are not going to be beneficial to them nor the consumer. However,  while the dollar remains the reserve currency, the flight away from EM-FX supports the greenback and higher inflation prospects also underpin the near term case for higher US rates which is also supportive of the greenback - but, again, that is not China's problem.  China strikes back China came back with their retaliation tariffs on US Goods  - These will be effective on 24 September, with rates ranging between 5 and 10% on $60b. The Chinese have also filed a complaint to WTO on the latest US tariff measures on $200Bln worth of Chinese goods – (RTRS). The DXY is slightly firmer at 94.50, recovering from the session lows down at 94.32. EUR/USD levels The bullish attempts to 1.1750 resistance have stalled. The ensuing slide sees an inverted hammer form on the daily candle. further out, the longer-term charts are offering a bullish foundation with the H&S negated.  If 1.1630 holds, where a slew of nearly converged daily MAs sit, then bets are back on the table for the 1.17 handle. However, a break lower opens risk back to 1.1515/30 critical support area on a break of 1.1580/50. <br />   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD back below 1.1700, retreats from 3-week highs http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 15:53:27 -0400 EUR/USD finds resistance again at 1.1720 and reverses.  US dollar mixed across the board as trade war escalates and amid higher US yields. The EUR/USD pair peaked after the beginning of the US session at 1.1723, reaching the highest level in three weeks but then pulled back. It dropped to 1.1681, moving closer to daily lows. As of writing, it was trading at 1.1685, unchanged for the day. The short-term bias was still pointing higher but the euro was unable again to break the 1.1720/25 area.  Price action remains limited on Tuesday with majors moving in small ranges for the day, excluding USD/JPY that is rising sharply above 112.00. The move higher in the mentioned pair is being driven by higher equity prices and US yields. The Dow Jones is up 0.49% and it has erased all the losses that followed Trump’s announcement of more tariffs to Chinese goods.  The US Dollar Index bottomed earlier today at 94.35, the weakest since July 31 and rebounded, erasing daily losses. It is trading back above 94.50. Higher US yields are supporting the greenback.  The 10-year yield climbed to 3.03%, the highest level since May.  At the recent auction, the Treasury sold 1-month bills at an interest rate above 2% for the first time since 2008.   Levels to watch EUR/USD still holds a bullish tone in the short-term but the momentum is easing. The pair needs to break above the 1.1720/25 area in order to clear the way for a test of the key resistance area at 1.1745/50. A close above 1.1750 would signal more gains ahead. On the flip side, immediate support might be seen at 1.1680 (US session low) followed by 1.1665 (daily low), 1.1645 and 1.1620/30 (short-term uptrend line).  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY Technical Analysis: Bulls breaking 112.17 swing high looking to reach the 2018 high http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 14:57:37 -0400 USD/JPY bulls are resuming the main bull trend as they broke above 112.17 (August 1, swing high).  USD/JPY is trading above rising and widening 50, 100 and 200-period simple moving averages suggesting bullish momentum.  The next target for bulls is likely located near 112.50 figure and 113.18, 2018 high  USD/JPY 4-hour chart  Spot rate:                 111.36<br> Relative change:      0.47%     <br> High:                        112.40<br> Low:                         111.66 Main trend:               Bullish  Resistance 1:    112.50 figure<br> Resistance 2:    113.18, 2018 high<br> Resistance 3:    114.00 figure Support 1:    112.00-112.17 zone, figure and August 1, swing high<br> Support 2:    111.84 August 29 swing high<br> Support 3:    111.84 August 29 swing high<br> Support 4:    111.54 August 6, high <br> Support 5:    111.45 August 8 high<br> Support 6:    111.00 figure<br> Support 7:    110.75, July 23 swing low<br> Support 8:    110.00 figure<br> Support 9:    109.37 June 25 low Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY rises to fresh 2-month highs above 112 as 10-year T-bond yield surpasses 3% http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 14:53:41 -0400 DXY recovers to 94.50 on sharp upsurge seen in T-bond yields. Wall Street starts the day on a positive note despite trade concerns. Service sector activity in the NY area expands at a robust pace. The USD/JPY pair gained traction in the last hour and reached its highest level since July 20 at 112.38 before retreating slightly. As of writing, the pair was trading at 112.30, adding 0.38% on the day. A strong rise witnessed in the 10-year T-bond yield in the early NA session provided a boost to the pair on Tuesday. Despite the ongoing trade conflict between the U.S. and China, a risk-on mood weighed on the demand for safe-haven T-bonds and lifted the yield on the 10-year reference to its highest level since late May at 3.035%. At the moment, the yield is up nearly 1% on the day at 3.03%. Reflecting the improved market sentiment, major equity indexes started the day higher with the Dow Jones Industrial Average and the S&P 500 adding 0.35% and 0.4% at the moment. Meanwhile, the only noteworthy data from the U.S. showed that the business activity in the service sector in the New York area expanded at its strongest pace in a decade with the headline general business activity index rising to 22.5 in September from 14.5 in August. The US Dollar Index, which struggled to make a meaningful recovery today, was last seen flat on the day near 94.50. There won't be any other macroeconomic data releases in the remainder of the day and the markets' risk perception is likely to stay as the sole driver of the pair's price action. Technical levels to consider The pair could encounter the initial resistance at 112.60 (Jul. 20 high) ahead of 113.15 (Jul. 19 high) and 114 (psychological level). On the downside, supports are located at 112 (psychological level), 111.40 (20-DMA) and 110.80 (100-DMA). Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. US stocks climb during early trade, focus remains on trade tariffs http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 13:45:42 -0400 Major US equity indices witnessed a positive opening on Tuesday and recovered a major part of overnight losses, triggered by the latest developments on the trade-related front. Trade tensions between the world's two largest economies escalated further after the US President Donald Trump imposed new tariffs on about $200 billion worth of Chinese goods and warned to pursue tariffs on $267 billion of additional imports if China takes retaliatory action.  Subsequently, China also announced the new retaliatory tariffs on $60 billion worth of American goods and the rate will range between 5% and 10%. The developments were the latest indications of a possible full-blown US-China trade war and dented investors’ appetite for perceived riskier assets - like equities.  Despite persistent trade issues, the US markets have shown remarkable resilience and remained within striking distance of all-time record high levels, supported by strong growth in corporate earnings and improving domestic economic data. At the time of writing this report, the Dow Jones Industrial Average gained over 80-points to 26,143 and the broader S&P 500 Index added nearly 10-points to move back closer to the 2,900 mark. Meanwhile, tech-heavy Nasdaq Composite Index climbed around 40-points to 7,935. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. JPY futures: Extra gains remain on the cards http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 13:31:02 -0400 Flash data for JPY futures markets noted investors scaled back their open interest positions by nearly 3.5K contracts on Monday vs. Friday’s final 223,468 contracts. Volume, instead, decreased sharply by almost 100K contracts, adding to Friday’s important build. USD/JPY next stop 113.00? USD/JPY’s pullback on Monday was in tandem with the persistent build in open interest while volume dropped significantly for the second consecutive day. The broader up move in past sessions is poised to continue against the current backdrop of rising open interest. However, the sharp drop in volume could spark some consolidation ahead of further gains in the near term. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin Technical Analysis: BTC/USD bulls trying to jump given claustrophobic channel trading http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 12:54:38 -0400 Bitcoin price sees minor jump through the mid-point of Tuesday, pushing into positive territory, with gains of 1%. BTC/USD stuck within the range of the channel, yet to be any clear signs of an imminent breakout.  Market bears have been consistently selling any rallies seen for Bitcoin.       BTC/USD 60-minute chart  <br />  <br /> <br /> <br /> Spot rate:                   6325.3 Relative change:       +1.15% High:                          6362.3 Low:                           6228.1   Trend:                        Bullish   Resistance 1:            6383.0, 50MA (60-minute). Resistance 2:            6443.8, 100MA (60-minute). Resistance 3:            6525.0, entrance to supply zone. Support 1:                  6240.0, support on 60-minute chart. Support  2:                 6200.5, demand area.  Support  3:                 6118.8, 8th September low. <br /> <br /> <br /> <br />   BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY Technical Analysis: Set-up points to an extension of the near-term positive momentum http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 11:25:00 -0400    •  The pair has been trending higher over the past 1-1/2 weeks alongside an ascending trend-line and now seems to have found acceptance above the 112.00 handle.    •  The pair has managed to hold above intraday important moving averages (50, 100 & 200-hour SMAs) and technical indicators on hourly/daily charts maintain a mild positive bias.    •  The set-up support prospects for an extension of the pair's near-term positive momentum and a move towards July swing high, beyond the 113.00 handle, now looks a distinct possibility.<br />   USD/JPY 1-hourly chart Spot Rate: 112.13<br /> Daily Low: 111.66<br /> Daily High: 112.28<br /> Trend: Bullish Resistance<br /> R1: 112.28 (current day swing high)<br /> R2: 112.46 (R3 daily pivot-point)<br /> R3: 112.88 (July daily closing high) Support<br /> S1: 111.85 (horizontal zone)<br /> S2: 111.69 (S1 daily pivot-point)<br /> S3: 111.46 (200-period SMA H1)<br />   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Cryptocurrency market update: Bitcoin massacres critical support as market dips to $192 billion http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 11:02:50 -0400 Cryptocurrency market continues with its swings from $189 billion to $204 billion and currently at $192 billion. Bitcoin embraces the support at $6,200 but the road towards $6,300 is laced with many hurdles. In a recent interview with Bloomberg, CoinList CEO, Andy Bromberg reckoned that the crypto market is going to be cyclical for a long while. In September alone, we have seen the market make both significant bullish and bearish swings. Last week the total market capitalization dropped to a 2018 low at $189 but recovered to $204 on September 15. Prior to the sudden declines yesterday, the total market cap was standing at $198 billion. However, at the time of writing, the widespread selloff led by Bitcoin has tanked to $192 billion. Bitcoin recently recovered from the overarching declines that took place early last week. The crypto had plunged mercilessly like deadweight from exchanging considerably above $7,300 to the lows of $6,120. A support was established at $6,200 and $6,240. Bitcoin corrected higher breaking above $6,500 and traded weekly highs of $6,529 before losing balance on Monday. The declines failed to find support at $6,440 and $6,400 respectively as discussed in the analysis published yesterday. The bearish trend continued below $6,300 before embracing the support established at $6,200. At present, BTC/USD is trading at $6,242 after attempts to reach $6,300 have stalled at $6,284.25. The trend is generally bearish but the MACD is ranging at the mean level (0.0). On the upside, the 50SMA currently at $6,255.58 (hourly) is limiting gains. Moreover, the 100SMA will hinder movement at $6,295.3. On the other hand, the support at $6,200 must be defended by all means. Otherwise, Bitcoin could test $6,000 as well as the major support at $5,800. BTC/USD hourly chart <br /> Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our Bakinv Crypto Trading Telegram channel BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR futures: upside traction could lose impetus http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 09:58:04 -0400 In light of CME Group’s preliminary figures for EUR futures markets, open interest retreated for the second session in a row, this time by around 6.3K contracts on Monday from Friday’s final 544,529 contracts. Volume followed suit, down significantly by around 239K contracts. EUR/USD still targets 1.1745/50 Despite EUR/USD managed to retake the 1.1700 neighbourhood, shrinking open interest and volume could play against the sustainability of the up move. However, a test of the critical resistance band at 1.1745/50 still remains on the cards. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. WTI jumps 1.50% on Saudi news, $ 70 back on sight ahead of API data http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 09:31:37 -0400 Rebounds sharply on Saudi headlines, risk-recovery. Will it regain $ 70 mark? Focus on API crude stockpiles data for fresh impetus. WTI (oil futures on NYMEX) reversed the Asian drop and rallied hard in the European session following the headlines that cited Saudi Arabia is said to be comfortable with Brent prices above $ 80/ barrel. Moreover, the latest comments from an adviser to the Iranian Energy Minister also added legs to the renewed upside in the barrel of WTI. Hosseini Sadr, an adviser to Iran’s Oil Ministry, noted: “Considering the high demand and low supply in the market, America’s sanctions cannot drop Iran’s oil sale to zero ... Other oil producers cannot replace Iran’s oil.” The black gold, further, derived support from a recovery in risk appetite, which lifted the demand for the higher-yielding oil. Markets look past the US tariffs announcement and turn their attention towards the US weekly crude supplies data due to be published by the API later on Tuesday.  WTI Technical Levels Resistances: $ 69.91 (Sept 14 high), $ 70.50 (psychological level), $ 71.26 (Sept 12 high). Supports: $ 69.05 (20-DMA), $ 68.80 (5-DMA), $ 68.36 (Sept 13 low). Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD increasing odds for a test of 1.1790 - UOB http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 08:56:36 -0400 According to FX Strategists at UOB Group, the pair is seen testing the 1.1790 area in the next weeks. Key Quotes 24-hour view: “EUR rebounded from a low of 1.1616 and did not dip below the 1.1605 support as we expected. The rebound appears to be struggling and the overnight high of 1.1698 is acting as strong resistance now (next resistance is at last week’s 1.1721 peak). From here, we expect EUR to ease off but the major 1.1605 support is unlikely to be threatened (1.1630 is already a rather strong support level)”. Next 1-3 weeks: “The 1.1605 ‘key support’ indicated in recent updates continue to hold as EUR rebounded from a low 1.1616 and recovered most of last Friday’s steep loss. There is no change to our view and we continue to see chance for EUR to stage a stronger recovery to 1.1790. That said, in order to maintain the current lackluster momentum, EUR has to move and stay above 1.1690 within these 1 to 2 days or the current mild upward pressure would ease quickly”. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Iran’s Adviser: US sanctions cannot cut Iran's oil sales to zero - Reuters http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 08:56:16 -0400 Moayyed Hosseini Sadr, an adviser to the Iranian Oil Minister Bijan Zanganeh, said in an interview with the state TV, expected US sanctions on Iran’s energy sector cannot reduce the country’s oil sale to zero because of high demand levels in the market, Reuters reports. Hosseini Sadr noted: “Considering the high demand and low supply in the market, America’s sanctions cannot drop Iran’s oil sale to zero ... Other oil producers cannot replace Iran’s oil.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Gold holds weaker below $1200 mark http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 08:50:56 -0400    •  Fails to benefit from escalating US-China trade tensions.<br />    •  A modest USD rebound exerts some fresh downward pressure.<br />    •  Positive European equities do little to revive safe-haven demand. Gold struggled to build on overnight up-move and traded with a mild negative bias through the early European session on Tuesday. Spot prices inched lower and failed to benefit from escalating trade tensions between the world's two largest economies, especially after the latest US tariffs on around $200 billion worth of Chinese goods. Currently, at 10%, the tariffs would rise to 25% in January 2019 and the US President Donald Trump has warned to pursue tariffs on $267 billion of additional imports if China takes retaliatory action.  Meanwhile, a combination of negative forces kept a lid on any meaningful up-move and exerted some fresh downward pressure on the commodity. The impending Fed rate hike was seen as one of the key factors weighing on the non-yielding yellow metal.  Adding to this, a modest US Dollar rebound further dented demand for the dollar-denominated commodity, with a positive opening across European bourses also doing little to revive the precious metal's safe-haven demand.  Currently trading just below the key $1200 psychological mark, the commodity remains confined within a broader trading range held over the past three weeks and seemed to wait for a fresh catalyst before the next leg of a directional move. Technical levels to watch Immediate resistance is pegged near the $1204 area and is followed by the $1208-09 region, above which the metal is likely to aim towards testing the $1214-15 supply zone.  On the flip side, the $1193 level might continue to protect the immediate downside, which if broken is likely to accelerate the fall further towards $1188 intermediate support en-route the $1183 region.<br />   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY positive view unchanged above 110.76 - Commerzbank http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 08:48:19 -0400 The pair should keep the constructive outlook while above the 110.76, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/JPY is probing the 112.00/15 resistance and for now, while underpinned by the uptrend today at 110.76, our bias is positive. The market has recently tested and recovered from support offered by the 55 week moving average at 110.38 and the 200 day moving average at 109.76. We therefore maintain an upside bias while above here and anticipate an eventual retest of the August high at 112.15 above which sit the July peak and 200 week moving average at 113.18/27”. “If the 109.77 level were to give way (recent low), the June 8 low at 109.20 would be in focus. Failure there would imply a slide back to the 108.12 May 29 low and the mid-February high at 107.91”. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Crypto hedge funds expand the business even as BTC/USD is down 54% since the start of the year http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 08:47:50 -0400 BTC/USD is close to important support levels. Hedge fund of former Goldman's investment manager opens new offices. BTC/USD is changing hands at $6,260, down 3% on a daily basis but mostly unchanged since the beginning of Tuesday.  The cryptocurrency market collapsed on Monday, as the lack of recovery momentum caused the reversal on approach to important technical levels. Considering that the slump was engineered by edgy market sentiments and technical factors, one might expect that the critical support levels will be strong enough to stop the bearish assault.  Thus, Bitcoin is likely to stay above $6,000, which means that we are in for some range-bound trading at least until the SEC announces its decision on new crypto ETF application at the end of September. On the upside, BTC/USD recovery is capped by $6,660, created by DMA50, followed by DMA100 at $6,700. Once this area is cleared, $7,000 will come into focus with last resistance at $7,500. This is where the downside trendline meets DMA200. Hedge funds don't give up. Cryptocurrency bears grabbed the control over the market once again, but crypto hedge funds are unabashed and continue to expand their business globally. Thus, Bloomberg reports that BlockTower Capital opened a second office. This fund was co-founded a year ago by former Goldman Sachs investment manager Matthew Goetz. <br /> Since the beginning of the year, crypto hedge funds have lost 52% of their value as compared to Bitcoins 54% loss, but the damage seems to not great enough to discourage the investment managers.  <br /> BTC/USD, the daily chart Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our Bakinv Crypto Trading Telegram channel BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD: Strong US equities, but no surge in foreign inflows - Nomura http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 08:25:06 -0400 In view of Bilal Hafeez, Research Analyst at Nomura, one factor that has been attributed to dollar strength this year has been superior US growth and equity outperformance. Key Quotes “This was likely a factor that weighed on many EM markets, especially in the context of trade wars, which would hamper the growth of such markets.” “But in terms of equity performance, the dollar (vs euro) has shown a greater correlation with the relative performance of the financial sectors. This would have captured the concerns of the new Italian government and would reflect ongoing risks around the euro-area financial system.” “Furthermore, there appears to be no evidence of foreigners jumping into US equities over the past year. Admittedly, President Trump’s tax cuts did see very large repatriation of foreign earnings and an associated pick-up in share buybacks, which likely helped the dollar. But this is a temporary factor, much like the one in 2005.” “So a positive flow picture for the dollar is less obvious for the balance of the year. If anything, the equity flows to watch are the ones to the euro area which have exhibited larger swings over the past year. Needless to say that until there is more evidence of an equity flow story into the US, our medium-term bearish dollar view would remain intact.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD Technical Analysis: Above 1.1508 could re-test 1.1745/50 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Tue, 18 Sep 2018 08:24:19 -0400 EUR/USD is extending the recovery and it has briefly tested the 1.1700 barrier and above earlier in the session. Immediate target remains at the 1.1745/50 band ahead of the 1.1790 region. A surpass above this area should open the door for a visit to June’s peak at 1.1853. In the broader picture, spot keeps the constructive view as well as the 1.1500 neighbourhood holds. EUR/USD daily chart               Daily high: 1.1718 Daily low: 1.1666 Support Levels S1: 1.1635 S2: 1.1586 S3: 1.1554 Resistance Levels R1: 1.1716 R2: 1.1748 R3: 1.1797 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.